Court scraps multi-billion-dollar Ecuador damages against Chevron

Court scraps multi-billion-dollar Ecuador damages against ChevronAn appeals court in The Hague cancelled $9.5 billion in damages handed down by an Ecuadoran court against American energy giant Chevron for causing oil pollution in the Amazon jungle, Ecuador's public prosecutor said Friday. The original ruling dates back to 2011 and was twice upheld on appeal in Ecuador, but Chevron took its protest to The Hague's Permanent Court of Arbitration, claiming it had already been exonerated of any wrongdoing.




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